Concertina Reforms with International Capital Mobility

We show that the standard concertina result for tariff reforms – i.e. lowering the highest tariff increases welfare – no longer holds in general if we allow for international capital mobility. The result can break down if the good whose tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby compromising a second goal that is typically connected with trade liberalisation.

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Year of publication:	2006
Authors:	Kreickemeier, Udo ; Raimondos-Møller, Pascalis
Publisher:	Frederiksberg : Copenhagen Business School (CBS), Department of Economics
Subject:	Trade Policy Reform \| International Factor Mobility \| Welfare \| Market Access

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Series:	Working paper ; 5-2006
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	51945703X [GVK] hdl:10419/208522 [Handle] hdl:10398/7637 [Handle] RePEc:hhs:cbsnow:2006_005 [RePEc]
Classification:	F11 - Neoclassical Models of Trade ; F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; F15 - Economic Integration
Source:	EconStor

Persistent link: https://www.econbiz.de/10012142323